Acrylic acid market is weak (7.18-7.25)

According to the bulk list data of business society, as of July 25, the average quotation price of acrylic acid in East China was 10100.00 yuan / ton, down 2.26% from last Monday (July 18), 27.51% from June 25, and 30.02% year-on-year in a three-month cycle.

 

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Recently (7.18-7.25), the acrylic acid market fell. Recently, the raw material propylene market fluctuated and fell, and the cost support was limited. During the parking and overhaul of some enterprises, the overall load rate of the market was not high, but the downstream procurement was cautious, the wait-and-see atmosphere was strong, the market atmosphere was general, and the transaction was just in demand.

 

Upstream propylene, according to the data monitoring of business news agency, the recent (7.18-7.22) domestic propylene (Shandong) market price volatility fell. The average price of Shandong market was 7354 yuan / ton at the beginning of the week and 7340 yuan / ton at the weekend, a weekly decrease of 0.19%, a decrease of 7.53% compared with 30 days ago.

 

According to the acrylic acid analyst of business club, the current cost support is general, the market transaction is just needed, and the cautious wait-and-see mentality is strong. It is expected that the acrylic acid market will be stabilized in the short term, and more attention should be paid to the upstream and downstream trends.

http://www.lubonchem.com/

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